Comments on: What next after 4800 Nifty?

By: prateek

prateek — Sun, 11 Sep 2011 15:24:19 +0000

Jai : kudos for the great job…. i had shorted the markets at 5581 levels when the dail macd cross over had happened. However due to the magnitude of the fall and the momentum, i had closed my positions when Nifty had reached 5200 and have been out of the markets since. I have gone short again at 5131 and i am holding the shorts right now. Where do you see the next support in the market.

I never watch CNBC TV18 because i feel that analysts there never stick to the view they have and change them every few hours. You are the only guy who stood steadfast on his belief.. job well done

By: Jai

Jai — Thu, 25 Aug 2011 00:51:58 +0000

In reply to vijay.

Hi Vijay,

Thanks for the kind words. If I do restart paid services, I will let you know.

Many thanks,
Jai

By: vijay

vijay — Wed, 24 Aug 2011 16:55:20 +0000

Dear Bala

u should accept paid subscription , i am following you since last october ,i recall only one instance where i thought you almost throwed in the towel(i felt so ), otherwise you have been most consistent on your bearish view among all the analyst community

you rock man ,keep it up

By: zubair

zubair — Wed, 24 Aug 2011 15:14:28 +0000

thank your sir.

By: Jai

Jai — Wed, 24 Aug 2011 14:54:14 +0000

In reply to zubair.

Over 2/3rd probability that this might be THE reversal. Can even drop to 1470. Good luck 
Best regards,
Jai

By: zubair

zubair — Wed, 24 Aug 2011 14:48:37 +0000

hello sir
any targets on gold shorted at 1879.

By: Jai

Jai — Wed, 24 Aug 2011 04:53:07 +0000

In reply to Parag.

Parag,

This counter-trend bounce for Banknifty will face resistance at 10020 but it is difficult to say if it will get there before another new low or first there before a new low. At the moment, price says it is exhausted but momentum says I will go down. So its a tough call. Keep a tight stop or hedge.

All the best,
Jai

By: Parag

Parag — Wed, 24 Aug 2011 04:43:26 +0000

Dear Jai,

Do you see BANKNIFTY going above 10000 levels in this pull-back rally? Reason why I ask is, I’m long since 9800 & have 2 options, either to get out at 9600 or ride the possible rally till 10000.

Any suggestions?

Thanks & Regards – Parag

By: zubair

zubair — Wed, 24 Aug 2011 04:19:28 +0000

hello sir
thank you once more

By: Jai

Jai — Wed, 24 Aug 2011 04:15:29 +0000

In reply to mahesh.

Hi Mahesh,

SIP, if I have got it right, is like Rupee cost averaging. I think you would be better off in short term fixed deposits, until the market bottoms and at the same time money works +ve in FD as opposed to equities working -ve while you are averaging. You are also ready in case markets do form a bottom and your capital would have increased.
I’m no investment advisor but this is my opinion based on my market view and limited understanding of SIP.

I raised this point when I was talking to UTV Bloomberg anchors yday, it might be useful for investors like you. When a market drops 10%, you need 11% to breakeven, when it drops 25%, you need 33% to breakeven and so on.. AND AFTER THAT ONLY you can start thinking about profits. How tough is that?
Cash is King, and the 1 who has cash right at the bottom is the emperor 🙂

All the best,
Jai